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2602 Willa Dr, Saint Joseph, MI 49085

3 beds • 2 baths • 1368 sqft

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This property looks like a bad Airbnb investment with a projected -20.98% first-year return on $71,886 initial cash invested.

-20.98%

Cash On Cash

0.2%

Cap Rate

0.03

DSCR

$730

Rent

-$1,257

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$730 income − $1,987 expenses = $1,257 out of pocket

Income$730Out of Pocket$1,257Mortgage P&I$1,270174%Property Taxes$27438%Insurance$9313%Management$11015%CapEx$294%Maintenance$294%Other$18225%

Investment Breakdown

|

Purchase Price

$257k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,886

Downpayment

20%

$51,320

Closing costs

1%

$2,566

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$730

Total Expenses

$1,987

Mortgage P&I

174%

$1,270

Property Taxes

38%

$274

Home Insurance

13%

$93

HOA

0%

$0

Property Management

15%

$110

CapEx

4%

$29

Vacancy

0%

$0

Maintenance

4%

$29

Other

25%

$182

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